Prices on the global pulp market have fallen during November. However, buyers in Europe could not benefit from the reductions as prices were stable or higher in euro terms.
Prices for pulp in Europe were influenced by the downward trend in the euro exchange rate during November. Even the reductions both for softwood and hardwood pulp could not compensate for the disadvantage European buyers faced as a result of their weakening currency because the price steps in US dollar terms were too small.
As a result, costs for softwood pulp rose for Eurozone buyers. Prices for hardwood pulp in euro terms often remained stable.
This situation led to frustration, especially among fine paper producers. Consequently, some monthly contracts still had not been signed at the end of the first week of December.